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Sterling's early gains faded ahead of a Bank of England meeting where a rate rise is widely expected. Money markets priced one hike by next month and a full point of increases by end-2022, while some economists see Brexit supply chain constraints limiting tightening.
Expected UK rate paths move sterling rather than agricultural prices, so there is no direct feed market consequence.
globalbankingandfinance.commaria gbafJan 18, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
